A resolution condemning President Trump's pardoning of Binance founder Changpeng Zhao, who had violated United States anti-money laundering laws, and calling for Congress to use its authority to stop this form of corruption.

This resolution strongly condemns President Trump's pardon of Changpeng Zhao , the founder of Binance, who pleaded guilty to willfully failing to maintain an effective anti-money laundering program. Binance itself faced significant penalties, paying over $4.3 billion for allowing funds to flow to terrorists and other criminals, with Zhao subsequently sentenced to prison. The resolution notes that the pardon followed reports of negotiations for President Trump's family to acquire a stake in Binance's U.S. arm, where Zhao remains the largest shareholder. It also highlights a significant cryptocurrency transaction involving a Trump family-issued stablecoin shortly before the pardon, which reportedly caused the family's cryptocurrency company value to spike. Ultimately, the Senate resolves to unequivocally denounce this pardon and urges Congress to employ its authority to prevent what it characterizes as this form of corruption.